Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Exemption u/s. 11 - nature of microfinance activity carried on by the appellant - relief to poor - business activists or not? - charging 50% higher rate of interest - the argument advanced by the Ld. DR that micro financing activity is merely a money lending activity without any charitable object cannot be accepted. - Benefit of exemption u/s 11 allowed - AT
Exemption u/s. 11 - nature of microfinance activity carried on by the appellant - relief to poor - business activists or not? - charging 50% higher rate of interest - the argument advanced by the Ld. DR that micro financing activity is merely a money lending activity without any charitable object cannot be accepted. - Benefit of exemption u/s 11 allowed - AT
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